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Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a beginning or experienced investor, these weekly updates are designed to give you specific investment advice, including the best ways to profit in gold investing. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice right away.
Today’s tip: “2 ways you could miss out on record gold investing profits”
On Monday, gold closed at a new record high of $1,898.10 U.S. an ounce. Prices have since pulled back to around $1,861.30 U.S., but that’s still up 52.3% from $1,222.00 U.S. a year ago.
We think gold could well move higher in the long term, although it will continue to be volatile. (You can get our latest outlook on gold prices, as well as 7 strategies for lower-risk gold investing, in our FREE report, Gold Investing: 7 Profitable Strategies for Investing in Canadian Gold Stocks.)
Gold’s recent gains have mainly resulted from investor concerns about high sovereign debt levels in the U.S. and Europe. Investors are also concerned about the weakening global economic recovery and recent stock market volatility.
These fears are prompting more investors to buy gold and gold investments, because they believe gold investing will provide them with additional security.Get one of Pat McKeough’s top gold stock picks FREE. You'll learn all about this exciting company in Pat's special report, "Gold Investing: 7 Profitable Strategies for Investing in Canadian Gold Stocks." This established gold miner’s highly productive mines put it in a good position to post strong gains in the years ahead. Click here to download yours today.
Here are two profit-killing strategies you must avoid when gold investing:
You can learn all about our 7 most profitable strategies for lower risk gold investing—as well as more gold investing pitfalls that you must avoid—absolutely free when you download our special report, Gold Investing: 7 Profitable Strategies for Investing in Canadian Gold Stocks.
If you haven’t yet read this free report, click here to download your copy today. I’d also encourage you to share the report with a friend by forwarding this email to them. It’s my “thank you” just for signing up for my free daily updates.Be the first to comment
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